To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

This bill increases a tax credit that railroad companies can claim for maintaining their tracks. Currently, companies can get up to $3,500 per mile of track they own, lease, or are assigned by other railroads. The bill raises this limit to $6,100 per mile and adjusts this amount for inflation starting in 2026. The bill also lets companies claim the credit for tracks they acquired after January 1, 2015, whereas before they could only claim it for tracks owned or leased by January 1, 2015.

Your Vote